Update on Loyalty Options Offer
Perth, Sep 28, 2022 AEST (ABN Newswire) - As announced by BPH Energy Limited (
ASX:BPH) on 18 August 2022, it is the Company's intention to undertake a Loyalty Options Offer of one (1) loyalty option (Loyalty Option) at a subscription price of $0.004 for every eight (8) Shares held by all Shareholders with a registered address in Australia or New Zealand on the record date (Loyalty Options Offer). The Loyalty Options will have an exercise price of $0.03 and expire on 30 September 2024.
Holders of existing Options will not be entitled to participate in the Loyalty Option issue in respect of any existing Options that they hold, unless those existing Options have been validly exercised (and resulting Shares are allotted and issued) before the Record Date.
The Directors wish to amend the proposed timetable that was released on 18 August 2022 for the Loyalty Options Offer, such that the lodgment of the prospectus and Record Date will be deferred for a short period of time, and the balance of the timetable will be adjusted accordingly.
The Company will further announce to the market once the revised indicative timetable for the Loyalty Options Offer is finalized.
About BPH Energy Limited
BPH Energy Limited (ASX:BPH) is an Australian Securities Exchange listed company developing biomedical research and technologies within Australian Universities and Hospital Institutes.
The company provides early stage funding, project management and commercialisation strategies for a direct collaboration, a spin out company or to secure a license.
BPH provides funding for commercial strategies for proof of concept, research and product development, whilst the institutional partner provides infrastructure and the core scientific expertise.
BPH currently partners with several academic institutions including The Harry Perkins Institute for Medical Research and Swinburne University of Technology (SUT).
| ||
|
